HSBC Mexico (Grupo Financiero HSBC, S.A. de C.V.) is one of the leading financial institutions in the country and a subsidiary of HSBC Holdings plc. The company offers a wide range of banking products and services including savings and current accounts, personal and auto loans, mortgages, credit and debit cards, mutual funds, investments, life and general insurance, internet banking, and other services. It also provides treasury and cash management services, international trade services, international payments, trust and brokerage services, corporate finance advisory services and private banking. With 17,600 employees, HSBC Mexico serves over 5.6 million customers through a network of more than 980 branches and 5,940 ATMs. HSBC Group has been operating in Mexico since opening a representative office in the 1970s. In 2000, HSBC acquired Republic National Bank. In 2002, HSBC Holdings purchased Grupo Financiero Bital (GF Bital), Mexico's third largest retail bank, for US$1.1 billion. Grupo Financiero Bital was formed in 1992 as a result of a merger between Grupo Financiero Privado Mexicano (Grupo Prime) and Banco Internacional. As of September 30, 2015, Grupo Financiero HSBC had total assets of MXN 604.553 billion (US$35.5 billion).
HSBC Mexico subsidiaries:
HSBC México, S.A. Banco HSBC Seguros, S.A. de C.V. (the Insurance Company) HSBC Casa de Bolsa, S.A. de C.V. (the Brokerage Firm) Global Asset Management (México), S.A. de C.V. (the Asset Manager) HSBC Servicios, S.A. de C.V.
Credit Ratings (December 2015)
Global scale/Foreign currency
Standard & Poor’s
Long term deposits
Headquarters address: Ave. Paseo de la Reforma 347 Col. Cuauhtémoc 06500 Mexico DF, Mexico Phone number: +52 55 5721 2222 Fax: +52 55 5721 2626 SWIFT code: BIMEMXMM Website: www.hsbc.com.mx